Suppose you are a loan officer at Carbondale Local Bank. Joan Doe listed the following information on her mortgage application: Characteristic Annual gross income TDS Relations with FI Major credit cards Age Residence Length of residence Job stability Credit history Value $45,000 10% Checking account 5 27 Own/Mortgage 24 years 54 years Missed 2 payments 1 year ago $19,900 $50,0 Characteristic Annual gross income Score TDS Score Relations with FI Score Major credit cards Score >50 -19 None None Characteristic Values and Weights $10,000-$25,888 $25,000-$50,000 19 28 35%-5076 15%-35% 0 29 Checking account Savings account 19 10 Between 1 and 4 5 or more 28 10 25-60 >60 25 35 Oun with mortgage Own outright 20 50 1-5 years 35 5 years 1 year Check my work ficer at Carbondale Local Bank. Joan Doe listed the following information on her Value $45,000 10% Checking account 5 27 Own/Mortgage 2% years 5% years Missed 2 payments 1 year ago $100,000 60 50% -10 None None Characteristic Values and Weights $10,000-$25,000 $25,000-$50,000 10 20 35%-50% 15%-35% 0 20 Checking account Savings account 10 10 Between 1 and 4 5 or more 20 10 25-60 >60 25 35 Own with mortgage Own outright 20 50 1-5 years >5 years 35. 5 years 25 40 Score Length of residence Score Job stability Score Credit history Score 5 years 25 No record @ Missed a payment in last 5 years -15 50 Met all payments 40 The loan is automatically rejected if the applicant's total score is less than or equal to 120. The loan is automatically approved if the total score is greater than or equal to 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision. a. Calculate Joan Doe's credit score. b. Determine whether or not Joan Doe should be approved for a mortgage from your bank. Complete this question by entering your answers in the tabs below. Required A Required B Calculate Joan Doe's credit score. Credit score Check my work 5 5 years 40 >5 years 50 Met all payments 40 0 No record 0 -15 The loan is automatically rejected if the applicant's total score is less than or equal to 120. The loan is automatically approved if the total score is greater than or equal to 190. A score between 120 and 190 (noninclusive) is reviewed by a loan committee for a final decision. a. Calculate Joan Doe's credit score. b. Determine whether or not Joan Doe should be approved for a mortgage from your bank. Complete this question by entering your answers in the tabs below. Required A Required B Determine whether or not Joan Doe should be approved for a mortgage from your bank. Determine whether or not Joan Doe should be approved for a mortgage from your bank